Regulatory Alerts2019-04-25
Instruction No. 04-2019 of April 26
The National Bank of Angola issued Instruction No. 04-2019 to mandate responsible credit granting by establishing binding guidelines on credit contract terms, customer solvency assessment procedures, and limit adequacy. The regulation requires banks to apply differentiated interest rates, enforce strict Loan-to-Value and debt burden ratios, restrict foreign-currency-indexed capital credits, and prohibit tying credit approval to mandatory product purchases. Furthermore, it mandates rigorous solvency evaluations for both individuals and corporate clients, enforces proactive customer monitoring and restructuring protocols during financial distress, and establishes sanctions for non-compliance.
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